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you said you'd cut the deficit in half, it's four years later we have trillion dollar deficits. the c.b.o. says we'll have a trillion dollar deficit the next four years. if you're reelected we'll get to a trillion dollar debt. you said before you would cut the deficit in half. and i love this idea of $4 trillion in cuts. you found four trillion dollars to get closer to a balanced budget except we still show trillion dollar deficits every year. that doesn't get the job done. let me come back and say why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually you said it. back in 2010 you said i'm going to extend the tax policies that we have now. i'm not going to raise taxes on anyone because when the economy is growing slow like this, when we're in recession, you shouldn't raise taxes on anyone. well, the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made that statement. and so if you believe the same thing, you just don't want to raise taxes on people. and the reality is it's not just
you said you'd cut the deficit in half, it's four years later we have trillion dollar deficits. the c.b.o. says we'll have a trillion dollar deficit the next four years. if you're reelected we'll get to a trillion dollar debt. you said before you would cut the deficit in half. and i love this idea of $4 trillion in cuts. you found four trillion dollars to get closer to a balanced budget except we still show trillion dollar deficits every year. that doesn't get the job done. let me come back and...
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. >> we still have deficit. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: an instant cbs news poll chose romney the overwhelming winner. 46% of the people we surveyed said romney won the debate. but moderator and pbs anchor jim lehrer might not feel the same way. >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. i actually like you, too. but i'm not going to keep on spending money for things to borrow money from china to pay for it. >> reporter: they will square off again october 16. bigad shaban, cbs news, denver. >> even people in california say romney won the debate last night. an exclusive poll of
. >> we still have deficit. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would...
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Apr 1, 2012
04/12
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what about the deficit? sure the democrats spend too much money, but the republicans say our propose is to balance the budget in 30 years. i say cut the budget by 30 million. you have a debt crisis the worst in the history of the world and we won't cut spending, we have a problem. >> schieffer: i must say, hearing you this morning, you sound like somebody that might not support even the republican candidate come the fall. is there any way or any chance, are you thinking about maybe heading up a third party effort after the republican convention? >> no, i don't have any plans for that. i didn't hear gingrich mention that he was thinking about it, either. but, no, no, i have no plans to do that. i'm trying to win the nominati n nomination. the votes haven't been counted. i think that the views i hold are very, very popular. i think that we're in the -- we represent the future. the other candidates represent the past. the president represents the president. we represent the future about what freedom really brin
what about the deficit? sure the democrats spend too much money, but the republicans say our propose is to balance the budget in 30 years. i say cut the budget by 30 million. you have a debt crisis the worst in the history of the world and we won't cut spending, we have a problem. >> schieffer: i must say, hearing you this morning, you sound like somebody that might not support even the republican candidate come the fall. is there any way or any chance, are you thinking about maybe...
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you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: an instant cbs news poll chose romney the overwhelming winner. 46% of the people we surveyed said romney won the debate. but moderator and pbs anchor jim lehrer might not feel the same way. >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. i actually like you, too. but i'm not going to keep on spending money for things to borrow money from china to pay for it. >> reporter: they will square off again october 16. th
you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor...
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you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: an instant cbs news poll chose romney the overwhelming winner. 46% of the people we surveyed said romney won the debate. but moderator and pbs anchor jim lehrer might not feel the same way. >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. i actually like you, too. but i'm not going to keep on spending money for things we have to borrow money from china to pay for. >> reporter: they will square off again october 1
you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor...
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what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. now, five weeks before the election, he's saying that his big bold idea is never mind. >> my priority is jobs. there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> reporter: while romney made the case that he would be better at creating jobs, the president questioned how the former governor would control the financial sector. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? >> look, we have to have regulation of wall street. that's why i'd have regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. this is the biggest kiss that's been given to new york banks i've ever seen. >> reporter: on to health care. romney returned to his recurring theme, calling obamacare a job killer. >> i ju
what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. now, five weeks before the election, he's saying that his big bold idea is never mind. >> my priority is jobs. there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> reporter: while romney made...
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Sep 9, 2012
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i worked with president obama to find common ground to get a downpayment on deficit reduction. it wasn't a big down payment, but it was a step in the right direction. here's the issue-- bob woodward wrote is this in his book-- the devastating defense cutses were insisted upon by the obama administration so they would not have to face another debt ceiling increase before the election. that's putting politics ahead of national security. more to the point, norah, i authored bill, brought it to the floor, and passed it to prevent the president's irresponsible, devastating defense cuts from occurring by cutting wasteful washington spending in other areas of government to replace these defense cuts. >> congressman, these defense cuts are part of the budget control act. you voted for the budget control act. in fact i went and looked. you put on the a statement at the time it was passed and you called it a victory, and you called it a positive step forward. >> so-- >> so you voted for defense cuts and now you're criticizing the president for those same defense cuts that you voted for a
i worked with president obama to find common ground to get a downpayment on deficit reduction. it wasn't a big down payment, but it was a step in the right direction. here's the issue-- bob woodward wrote is this in his book-- the devastating defense cutses were insisted upon by the obama administration so they would not have to face another debt ceiling increase before the election. that's putting politics ahead of national security. more to the point, norah, i authored bill, brought it to the...
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Sep 7, 2012
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deficit too high. try another. feel a cold coming on? take two tax cuts, roll back some regulations, and call us in the morning. ( cheers and applause ). now, i've cut taxes for those who need it. middle class families, small businesses. but i don't believe that another round of tax breaks for million arizona will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. ( cheers and applause ). after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that, and we're not going back. we are moving forward, america. ( cheers and applause ). now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell me what you wanted to hear. you leathed me to tell you the truth. the truth is
deficit too high. try another. feel a cold coming on? take two tax cuts, roll back some regulations, and call us in the morning. ( cheers and applause ). now, i've cut taxes for those who need it. middle class families, small businesses. but i don't believe that another round of tax breaks for million arizona will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the...
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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cut our deficits. there's a detailed deficit reduction plan on the table that the president put forth. and finally, end the war in afghanistan and use those savings to rebuild america back after a decade of war it's time to rebuild here at home and the president has a plan to do that. >> schieffer: let me just ask kevin what about the charge the president-- he has diagnosed governor romney as having rom nearbyia, he can't remember the positions he's taken, that he's changed. >> look, the very fact that the president of the united stateses had to utter a term like that is a glaring example of how small the campaign has been. this has not been a campaign it's obama campaign has not been one about the future. it hasn't been talking about what they would do the next four years to rebuild the economy. instead they've reduced themselveses to very small attacks. you say romnesia, which is silly for want president of the united states, the leader of the free world to gip uttering. talk about binders, talk abou
cut our deficits. there's a detailed deficit reduction plan on the table that the president put forth. and finally, end the war in afghanistan and use those savings to rebuild america back after a decade of war it's time to rebuild here at home and the president has a plan to do that. >> schieffer: let me just ask kevin what about the charge the president-- he has diagnosed governor romney as having rom nearbyia, he can't remember the positions he's taken, that he's changed. >>...
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Oct 5, 2012
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in terms of the effect it would have on the deficit is sort of silly. here is the math. i said it earlier. this is how much the corporation for public broadcasting is part of our budget. two-thirds of our budget is entitlement. the debate should be about how do we pair back entitlement spending or cut back larger government spending in terms of adding to the deficit. that's just my point this morning. >> i have a program on pbs, but we don't get any money from pbs to create that programming. it comes through underwriters in foundation. >>> we'll visit monaco land of fun, security and no income tax. you are watching "cbs this morning." cbs "this morning". two years ago, the people of bp made a commitment to the gulf. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across
in terms of the effect it would have on the deficit is sort of silly. here is the math. i said it earlier. this is how much the corporation for public broadcasting is part of our budget. two-thirds of our budget is entitlement. the debate should be about how do we pair back entitlement spending or cut back larger government spending in terms of adding to the deficit. that's just my point this morning. >> i have a program on pbs, but we don't get any money from pbs to create that...
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me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him.
me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still...
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he was going to use that money to reduce the budget deficit. i'm putting it back into medicare, and i'm the guy running for president, not him. so what i do in my medicare plan for younger people coming along is say this: we're going to have higher benefits for low-income people and lower benefits for high-income people. we're going to make it more means tested. i think if we do that, we'll make sure to preserve medicare into the indefinite future. >> pelley: the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially, and say, "now, you can go buy a private insurance plan or you can buy medicare from the federal government." is that essentially it? >> romney: yeah. that's essentially it. people would have a choice of either traditional, government- run, fee-for-service medicare; or a private plan which has to offer the same benefits. >> pelley: does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> romney: well, w
he was going to use that money to reduce the budget deficit. i'm putting it back into medicare, and i'm the guy running for president, not him. so what i do in my medicare plan for younger people coming along is say this: we're going to have higher benefits for low-income people and lower benefits for high-income people. we're going to make it more means tested. i think if we do that, we'll make sure to preserve medicare into the indefinite future. >> pelley: the idea under your plan for...
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there are deficits being piled up. we've seen $4 trillion added to the deficit just under this president. and the obama campaign-- this is what they want to focus on. governor romney believes that he... the most important thing we can do is talk to the american people about what we're going to do to fix this economy. that's his focus. >> schieffer: let me inject one more thing. i was really kind of surprised by the afternoon when our jan crawford asked governor romney what he thought about this hubbub about it suddenly coming about that the olympic team's uniforms were not being made in america. in fact part of them were being made in china. i was surprised when the governor refused to say whether he thought the uniforms ought to be made in america or not. now it comes to light that when he was running the olympic committee it turns out that the uniforms were designed in canada and were being made by a canadian company. is that true? that's what i've been told. >> i do not know but, again, i would say that the people t
there are deficits being piled up. we've seen $4 trillion added to the deficit just under this president. and the obama campaign-- this is what they want to focus on. governor romney believes that he... the most important thing we can do is talk to the american people about what we're going to do to fix this economy. that's his focus. >> schieffer: let me inject one more thing. i was really kind of surprised by the afternoon when our jan crawford asked governor romney what he thought...
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and what i've said in reducing our deficits, we can make sure that we cut $2.5 dollar every dollar of increased revenue. >> that's the deal they turned down, mr. president. >> well, that's part of what this election is about. governor romney said he wouldn't take a deal with $10 of spending cuts for $1 of revenue increases. and the problem is the math or the arithmetic as president clinton said doesn't add up. you can't reduce the deficit unless you take a balanced approach that says we've got to make government leaner and more efficient. but we've also got to ask people like me, or governor romney, who have done better than anybody else over the course of the last decade and whose taxes are just about lower than they've been in the last 50 years, to do a little bit more. and if we go back to the tax rates for folks making more than $250,000 a year, back to the rates with we had under bill clinton we can close the deficit, stabilize the economy, keep taxes on middle-class families low, provide the certainty that i think all of us would be looking for, and i'm also willing, by the way,
and what i've said in reducing our deficits, we can make sure that we cut $2.5 dollar every dollar of increased revenue. >> that's the deal they turned down, mr. president. >> well, that's part of what this election is about. governor romney said he wouldn't take a deal with $10 of spending cuts for $1 of revenue increases. and the problem is the math or the arithmetic as president clinton said doesn't add up. you can't reduce the deficit unless you take a balanced approach that...
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he added $5 trillion to our deficit. we're making a bet, we're making a bet that americans are more interested in a campaign that's waged on real ideas, including entitlement reform, and that a campaign-- a substantive campaign conducted on the high ground is going to tromp the type of petty, negative politics that we're hearing from barack obama. they're really running a campaign without a conscience. if i had to give their title i'd call it "50 shades of mud." >> i think we've seen petty negative politics from both sides this week and we'll get to that in just a moment. stephanie, what about the argument from the republicans who point to ryan's plan and say it may not be popular but at least he's making tough choices. we have a $15 trillion debt, entitlements that are exploding, and at least he's willing it put hez plan out to the table, while the president, at least initially did not embrace his plan, the bowles-simpson plan. >> nancy, all you have to do is go to the white house web site to see the president's plan. i
he added $5 trillion to our deficit. we're making a bet, we're making a bet that americans are more interested in a campaign that's waged on real ideas, including entitlement reform, and that a campaign-- a substantive campaign conducted on the high ground is going to tromp the type of petty, negative politics that we're hearing from barack obama. they're really running a campaign without a conscience. if i had to give their title i'd call it "50 shades of mud." >> i think we've...
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this bill does not reduce deficits. instead, this bill adds a new health care entitlement. >> reporter: after the republicans won control of the house of representatives two years ago, ryan became budget committee chairman and proposed freezing domestic spending. he called the president's proposed budget cuts paltry, just $40 billion a year in the face of trillion-dollar deficits. >> i don't think history's going to be really kind it a president what when one fronted with one of our country's most pressing challenges of debt crisis, chooses to do nothing about it. >> he's a divisive figure. his proposes have, in many people's mind, been way to the write. >> reporter: scott angus says while ryan's budget proposals are controversial, the newspaper has endorsed him in all seven of his elections. >> if you know paul, regardless of whether you agree with his politics, you get a guy that comes across extremely sincere. again, what you see is what you get. >> reporter: you'd be very surprised if there were any skeletons. >> i
this bill does not reduce deficits. instead, this bill adds a new health care entitlement. >> reporter: after the republicans won control of the house of representatives two years ago, ryan became budget committee chairman and proposed freezing domestic spending. he called the president's proposed budget cuts paltry, just $40 billion a year in the face of trillion-dollar deficits. >> i don't think history's going to be really kind it a president what when one fronted with one of our...
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and when we talk about deficits, if we're adding to our deficit for tax cuts, for folks who don't need them and we're cutting investments in research and science that will create the next apple, create the next new innovation that will sell products around the world, we will lose that race if we're not training engineers to make sure that they are equipped here in this country. then companies won't come here. those investments are what's going to help to make sure that we continue to lead this world economy not just next year but ten years from now, 50 years from now, 100 years from now. >> crowley: thank you mr. president. governor romney? >> government does not create jobs. government does not create jobs. >> crowley: i want to introduce you to barry green because he's going to have the last question to you. >> hi, governor. i think this is a tough question. each of you. what do you believe is the biggest misperception that the american people have about you as a man and a candidate? using specific examples, can you take this opportunity to debunk that misperception and set us straig
and when we talk about deficits, if we're adding to our deficit for tax cuts, for folks who don't need them and we're cutting investments in research and science that will create the next apple, create the next new innovation that will sell products around the world, we will lose that race if we're not training engineers to make sure that they are equipped here in this country. then companies won't come here. those investments are what's going to help to make sure that we continue to lead this...
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Jun 17, 2012
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not one-quarter because the deficit say huge problem. i didn't think that was a particularly unreasonable suggestion that he just made. >> schieffer: all right. gentlemen, i want to thank both of you. we'll be back in one minute with our roundtable for some analysis. >> schieffer: back with peggy noonan of the "wall street journal," richard lowry is the editor of the "national review," a "time" magazine columnist and also a fox news contributor. what do you do in your spare time? and our own john dickerson and our-- who is our political director, and jan crawford, our chief political correspondent who also looks after the supreme court for us. john, let me go to you first. this whole thing, what exactly did mitt romney say here on immigration? >> well you tried to pin him down four times and he wouldn't say it. he basically ducked. he believes, it appears, on what the president did on the merits. he just doesn't like the way he did it. we saw in his answers kind of the romney approach, which is to basically point out what the president h
not one-quarter because the deficit say huge problem. i didn't think that was a particularly unreasonable suggestion that he just made. >> schieffer: all right. gentlemen, i want to thank both of you. we'll be back in one minute with our roundtable for some analysis. >> schieffer: back with peggy noonan of the "wall street journal," richard lowry is the editor of the "national review," a "time" magazine columnist and also a fox news contributor. what do...
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it's about debt and deficits. it's about who's got the vision and the leadership for the future of america. and when your unemployment rate is 4.-- or 8.8% for more than 42 months and you added $5 trillion to the national debt, and you have no plan on energy, that doesn't work well for the independent voters in virginia. and i think virginia goes for romney. i think it will be close and competitive, but mitt romney has want best ideas for the citizens of virginia. >> schieffer: i think in fact the unemployment is 8.2, if i'm correct in the latest numbers that are out. >> it's 8.3 but it's been over 8 for 41 points. >> schieffer: i got you. let me go to you, governor strickland. you have been pounding mitt romney for not releasing his tax returns and you have repeated what harry reid said, that mitt romney may have paid no tax in all of-- in some of those years. this morning, the chairman of the republican party said i think over on fox, that-- that harry reid is a dirty liar. and i have to say, he has shown nothin
it's about debt and deficits. it's about who's got the vision and the leadership for the future of america. and when your unemployment rate is 4.-- or 8.8% for more than 42 months and you added $5 trillion to the national debt, and you have no plan on energy, that doesn't work well for the independent voters in virginia. and i think virginia goes for romney. i think it will be close and competitive, but mitt romney has want best ideas for the citizens of virginia. >> schieffer: i think in...
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Jan 25, 2012
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both sides say they'd love to work on deficit reduction. but it seems that they are resigned that in an election year it's very difficult for two sides to get legislation of that kind of magnitude done. >> pelley: nancy, thank you. the president is making his way to the chamber. in a moment, we will hear the new house sergeant at arms, paul irving, announce the president of the united states. there's mr. irving now. >> mr. speaker, the president of the united states. (cheers and applause) and so begins one of the longest walks in washington. the president will greet various members as he walks down the aislement let's listen in for just a moment and see if we can hear a little bit about what they're saying to the president. >> good to see you. good to see you. nice to see you, good to see you. >> schieffer: it is one of the longest walks because it takes him a while but also, scott, it has to be one of the most pleasant. (laughs) this is something... i mean this is... if you're a little down in the dumps or worried about your ego, it all ge
both sides say they'd love to work on deficit reduction. but it seems that they are resigned that in an election year it's very difficult for two sides to get legislation of that kind of magnitude done. >> pelley: nancy, thank you. the president is making his way to the chamber. in a moment, we will hear the new house sergeant at arms, paul irving, announce the president of the united states. there's mr. irving now. >> mr. speaker, the president of the united states. (cheers and...
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Jan 29, 2012
01/12
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he live uh up to the standards that barack obama set for himself on employment, jobs, the debt, the deficit? the answer to all of those questions is, no it has been a miserable failure and that is going to be what this election is about, and i think that as a referendum on this president and where we are in this country he loses every day of the week and twice on sunday. >> you saw sarah palin's facebook posting where she says this is not gingrich versus romney, it is the republican establishment versus the tea party. is that how you see it? >> i don't -- i don't see it that way, but i do think that she taps into a good point, which is that people are angry. they are angry with washington, they are angry in many ways with both parties, and that we know we have to get serious about our debt and our deficits in this country, and, you know, when paul ryan and the republicans come out with an entitlement reform package that actually puts something adult on the table to talk about it he get vilified, i think people are frustrated and upset and they want a president and leader that makes promises
he live uh up to the standards that barack obama set for himself on employment, jobs, the debt, the deficit? the answer to all of those questions is, no it has been a miserable failure and that is going to be what this election is about, and i think that as a referendum on this president and where we are in this country he loses every day of the week and twice on sunday. >> you saw sarah palin's facebook posting where she says this is not gingrich versus romney, it is the republican...
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Jun 16, 2012
06/12
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the plan balances california's $15.7 billion deficit. the budget makes your cat's welfare and child care by a meeting today's deadline lawmakers can keep life in their paychecks. the cbs five reporter shows as some say this budget is just smoke and mirrors. not a moment too soon lawmakers passed a $92.1 billion plan they say is the solution to california's budget crisis. we have an opportunity to put this budget deficit behind us. the airways i think the founding by others with less and said only god. >>> it passed without a single republican vote the chairman of the san francisco has been a republican says this proposal only offer is more problems with no solutions. did we its asset here we go again. another budget with nothing for the people except taxes. and more debt to the private sector. the budget would include cuts to $1 million for metical 540 million from california courts and a 5% cut to workers compensation. did police we have produced the budget here that is balanced in your one and the balance in years to three and four wit
the plan balances california's $15.7 billion deficit. the budget makes your cat's welfare and child care by a meeting today's deadline lawmakers can keep life in their paychecks. the cbs five reporter shows as some say this budget is just smoke and mirrors. not a moment too soon lawmakers passed a $92.1 billion plan they say is the solution to california's budget crisis. we have an opportunity to put this budget deficit behind us. the airways i think the founding by others with less and said...
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Jan 2, 2012
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>> stahl: so there'd be no benefit from revenues toward the deficit? >> cantor: well, if you want to raise taxes somewhere, we want a corresponding offset for the broader gal of lowering rates for everyone. >> stahl: with both sides dug in, five attempts to get a deficit reduction deal failed. cantor then proposed that the two sides put off their major disagreements and just vote on what had been agreed to in previous negotiations, which was roughly $10 in spending cuts for every $1 raised through revenues. that set off a testy exchange between cantor and the president at a white house meeting. didn't the president say repeatedly in the meeting that he wasn't going to agree to it without more revenues? >> cantor: who's not compromising there? who's not compromising there? >> stahl: well, they would say you, because you just wanted spending cuts. and i'm just trying to figure out where's the compromise coming from? where's the compromise? >> cantor: again, there's plenty of compromise. we all know that there are ways to reduce spending in washington, ok
>> stahl: so there'd be no benefit from revenues toward the deficit? >> cantor: well, if you want to raise taxes somewhere, we want a corresponding offset for the broader gal of lowering rates for everyone. >> stahl: with both sides dug in, five attempts to get a deficit reduction deal failed. cantor then proposed that the two sides put off their major disagreements and just vote on what had been agreed to in previous negotiations, which was roughly $10 in spending cuts for...
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Nov 5, 2012
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middle class grew, america prospered, deficits became surpluses. we tried their ideas, incomes went down, deficit blew up. >> reporter: obama officials revealed this weekend that campaign workers have registered 1.8 million new voters in key battleground states. double the number they registered before the '08 election. they say those new voters plus apparent early voting leads in ohio, florida, iowa and nevada will put them over the top. mr. obama told a crowd of 23,000 in hollywood, florida, it's all up to them now. >> you know what i believe, you know where i stand. and you know that no matter what happens, i'll fight for you and your family every single day as hard as i know how. >> reporter: president obama will spend the last day of his last campaign in three midwest states, iowa, ohio and wisconsin. he said today that at this stage in the race he is merely a prop. and that the real stars of this drama are his get out the vote teams and the voters themselves, jeff. >> jeff: nancy, thank you. jan crawford now is with governor romney in pennsyl
middle class grew, america prospered, deficits became surpluses. we tried their ideas, incomes went down, deficit blew up. >> reporter: obama officials revealed this weekend that campaign workers have registered 1.8 million new voters in key battleground states. double the number they registered before the '08 election. they say those new voters plus apparent early voting leads in ohio, florida, iowa and nevada will put them over the top. mr. obama told a crowd of 23,000 in hollywood,...
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May 27, 2012
05/12
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we're doing things to try to close that deficit. we have done many things to try to close that deficit and because we are a transit system we are high least seven ties. >>> we don't win the game is over on the wire story any of the team. >>> gina quan it now willing to give up on the gold and state warriors. she says that it is not a done deal shot her city is moving ahead with plans for a thousand acre coliseum. >>> we turn to mayor adlai and former allaire but it brown >>> i'm not trying to take away anything from oakland. i support everything that they're doing. but there is an opportunity here for all the fans to enjoy a a waterfront the arena. they could enjoy our scenery. >>> you said that one of your biggest regrets as mayor is not putting in a arena downtown. >>> absolutely. believe me, and we should have something comparable if not better than madison square garden. were you could watch basketball and other kinds of interest board and all within walking dissert. that's what the mayor is talking about. >>> the big question i
we're doing things to try to close that deficit. we have done many things to try to close that deficit and because we are a transit system we are high least seven ties. >>> we don't win the game is over on the wire story any of the team. >>> gina quan it now willing to give up on the gold and state warriors. she says that it is not a done deal shot her city is moving ahead with plans for a thousand acre coliseum. >>> we turn to mayor adlai and former allaire but it...
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Sep 7, 2012
09/12
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deficit to pry try another. >>> most sonobuoy norton is a dead end general motors is alive. >>> presence as the selection at the stowe about how a good >>> if you should at home with me us you've tonight for your vote. >>> you never quit and america and you deserve a president who will never quit on you. >>> supporters know that the path to victory starts at the party base. >>> with the ones that have to make happen. >>> absolutely were stuck for the week is out. >>> the 61 this left before election day tours >>> president bus was and what it together to build an alice in republican presidential nominee also campaigned in new hampshire while running mate have run and a visit to nevada. >>> the economist on expect much change though. the nation has about zero hundred 35,000 jobs last month the unemployment report will be unchanged at 8.3%. >>> the password 245 points yesterday to its highest since december 2007. the defense came after the european central lake without this plan to support feeling countries. >>> the first formal treaty has been held for chp officer killed in the line of du
deficit to pry try another. >>> most sonobuoy norton is a dead end general motors is alive. >>> presence as the selection at the stowe about how a good >>> if you should at home with me us you've tonight for your vote. >>> you never quit and america and you deserve a president who will never quit on you. >>> supporters know that the path to victory starts at the party base. >>> with the ones that have to make happen. >>> absolutely...
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Sep 2, 2012
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and you know, bob, at the same time he created a surplus when he had been left by ronald reagan a big deficit. and ronald reagan and the first president bush. and in the same way, though, i mean, he did not do that in one term. he did not do that in one term. and i think it's important to remember that. >> schieffer: let me ask you about that. can you honestly say that people are better off today than they were four years ago? >> no, but that's not the question of this election. the question, without a doubt, we are not as well off as we were before george bush brought us the bush job losses,s bush recessions, the bush deficits, the series of desert wars, charged for the first time to credit cards, the national credit cards -- >> schieffer: but i mean, governor richardson and stephanie cutter. george bush is not on the ballots. >> but we are making progress. >> in terms of the question, "are people better off today than they were four years ago?" i want to remind you what was happening four years ago at this time. in the quarter before the president took office, we lost three million jobs. ou
and you know, bob, at the same time he created a surplus when he had been left by ronald reagan a big deficit. and ronald reagan and the first president bush. and in the same way, though, i mean, he did not do that in one term. he did not do that in one term. and i think it's important to remember that. >> schieffer: let me ask you about that. can you honestly say that people are better off today than they were four years ago? >> no, but that's not the question of this election. the...
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Jan 8, 2012
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. >> he took over that governorship and balanced a $3 billion deficit in four years while he was governor. he did it with bi-partisanship, crossing party lines and finding compromise that everybody could live with. stabile has built 3,500 homes over the past 30 years is looking for more common sense and less partisanship in government. and he sees those qualities in romney. >> i would say he is a pragmatic republican. >> reporter: here on main street in downtown nashua, not every republican is sold on mitt romney, some small business owners say if you want to fix the economy, you need someone who knows how to get things done in washington. >> i like newt gingrich, because to me, newt has the experience. >> reporter: oriental rug store owner sy mahfuz believes the former house speaker is better prepared to help businesses grow. >> we have to lower taxes. we have got to make business, the ability to be in business more affordable. and we are being -- many of the small companies are being taxed out of business. >> mafuz's sales have been flat for four years, he has 11 employees, but hopes to
. >> he took over that governorship and balanced a $3 billion deficit in four years while he was governor. he did it with bi-partisanship, crossing party lines and finding compromise that everybody could live with. stabile has built 3,500 homes over the past 30 years is looking for more common sense and less partisanship in government. and he sees those qualities in romney. >> i would say he is a pragmatic republican. >> reporter: here on main street in downtown nashua, not...
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Mar 11, 2012
03/12
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you see them roll out tax plans that cut taxes for the wealthy and add trillions of dollars to our deficit, it drives independent voters away. it's a fascinating process to watch. >> schieffer: you're also from alabama. i noticed governor romney was trying to get in good with the folks down there in alabama talking about the oil. >> bob, i don't want to give advice to republicans particularly mitt romney but as a southerner, i would tell him that kind of stuff doesn't really go over well in the deep south. i will tell him this. he might not have her this. if somebody says they love the s.e.c.it's not the investigative body that looks into off shore cayman bank accounts. it's the world's greatest college football coffin conference. i hope he'll go with the flow if he's down there. >> schieffer: where do you see this campaign going now? is it still going to be about the economy and a referendum on president obama? >> i do think that the biggest issues are going to be economic issues. i think you saw a good economic jobs report on friday. we took another important step in a long road to recov
you see them roll out tax plans that cut taxes for the wealthy and add trillions of dollars to our deficit, it drives independent voters away. it's a fascinating process to watch. >> schieffer: you're also from alabama. i noticed governor romney was trying to get in good with the folks down there in alabama talking about the oil. >> bob, i don't want to give advice to republicans particularly mitt romney but as a southerner, i would tell him that kind of stuff doesn't really go over...
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Feb 12, 2012
02/12
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deficits don't matter. conservatives and liberals have taught for decades that deficits don't matter. that's come out of both parties. but young people especially seem to, you know, get away from those cliches and say, well, we want to hear some common sense. we want to have somebody who believes in something that will obey the constitution. that's what i find excites so many people. >> schieffer: do you think, not knowing yet who the republican nominee is going to be, do you think the republicans can actually beat president obama this fall? >> oh, sure. they can. i still think it's up for grabs. if they think six months ago they thought, well, any republican could beat him. i don't think that's the case. i think the incumbent has big advantages. they have control of the, you know, they have the bully pulpit. they can do so much and obama is going to raise a ton of money. one time he was bragging that he going to raise a billion dollars. now he's going with the super pac. money does talk. any republican who
deficits don't matter. conservatives and liberals have taught for decades that deficits don't matter. that's come out of both parties. but young people especially seem to, you know, get away from those cliches and say, well, we want to hear some common sense. we want to have somebody who believes in something that will obey the constitution. that's what i find excites so many people. >> schieffer: do you think, not knowing yet who the republican nominee is going to be, do you think the...
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May 20, 2012
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secondly, at a time when california is facing a $16 billion deficit, if we are going to take raise tax revenue should we be looking at things like cuts to the health care system or health and human services network of california it is estimated we have lost $4 billion in the last few years or the education or we have had $20 billion of cuts? >> your first point, the question about special interests, that is one of the main criticisms right now on people who are against 29 it is because the whole thing is funded by tobacco companies >> we're not represent tobacco companies, we represent the taxpayers. special interest and will receive funding on one side, opposition from tobacco companies and you have opposition from groups like ours representing taxpayers who don't think this is a very good idea because of the ballot box budgeting issue and prioritizing money that we do raise for taxes >> that is an interesting point because i know people that eat if you are against tobacco and the tax is appealing to them but they are concerned about where the money goes. you're saying that he would n
secondly, at a time when california is facing a $16 billion deficit, if we are going to take raise tax revenue should we be looking at things like cuts to the health care system or health and human services network of california it is estimated we have lost $4 billion in the last few years or the education or we have had $20 billion of cuts? >> your first point, the question about special interests, that is one of the main criticisms right now on people who are against 29 it is because...
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Aug 13, 2012
08/12
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the self-described deficit hawk strayed from that path during the bush years, voting for the medicare prescription drug bill and bailouts for banks, general motors and chrysler. but ryan has never waiverd from his stand on social issues, especially as a conservative catholic on abortion and his opposition to embryonic stem cell research. in 2010, he told an interviewer "i'm as pro-life as a person gets." friends in jaynesville, wisconsin, where ryan grew up say his passionate belief and economic self-reliance comes in part from the fact that his father died when he was just 16. ryan is married, he and his wife janna have three children, ages 10, 8, and 7. at 42, ryan is the fourth-youngest major party vice presidential candidate in american history. bob? >> schieffer: chip, he was with mitt romney all over the weekend. today his first day out there by himself. how did he do? >> reporter: he did pretty well considering there were four or five hecklers who were extremely loud, standing in front of him. he dealt with it very well. he said "hey, out here in iowa and wisconsin we treat peo
the self-described deficit hawk strayed from that path during the bush years, voting for the medicare prescription drug bill and bailouts for banks, general motors and chrysler. but ryan has never waiverd from his stand on social issues, especially as a conservative catholic on abortion and his opposition to embryonic stem cell research. in 2010, he told an interviewer "i'm as pro-life as a person gets." friends in jaynesville, wisconsin, where ryan grew up say his passionate belief...
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May 14, 2012
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brown release is the revised budget tomorrow and sacramento based on a higher than anticipated deficit >>> we face a $16 billion hole. >>> the gov. brown is the higher deficit on lower tax revenues the cuts to education and public safety are not acceptable. it wants to increase income taxes for highest earners and increase a sales tax at all the democrats say they will help sell the measure to voters. >>> between now and november wheat will be aggressive in talking about the importance of the governor's tax measure >>> voters are resistant to increase taxes republicans have reacted by saying there must be more cuts. millions of unemployed americans jobs that need to be filled it should be the perfect match but something missing, jeff glor shows us the program looking to fill the gap >>> as a surgical technician this man fails operating rooms with precision and helps at surgeries at age 50 he is a newbie. four years ago he lost his job in michigan's auto industry today he works in his surgical unit a completely new world. >>> to not get caught in the dust you'll be left behind >>> mcmil
brown release is the revised budget tomorrow and sacramento based on a higher than anticipated deficit >>> we face a $16 billion hole. >>> the gov. brown is the higher deficit on lower tax revenues the cuts to education and public safety are not acceptable. it wants to increase income taxes for highest earners and increase a sales tax at all the democrats say they will help sell the measure to voters. >>> between now and november wheat will be aggressive in talking...
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May 20, 2012
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why do we need to use the request of any president to discuss deficit and debt? look, we have a debt now bigger than our economy. that alone makes us look a lot like greece. we've had the lowest labor participation rate in 30 years. we've had 39 straight months of unemployment above 8%. the country's in a lot of trouble. we have a president who just this weekend at camp david was advocating a position to the left of the european central bank which has been resisting doing an american-type stimulus to solve their problems, and yet the president is arguing that the europeans should replicate policies that clearly haven't worked here. what the speaker was saying i entirely agree with. if the president is going to ask us to raise the debt seale ago and he will early next year-- we do need to have another serious discussion about trying to do something significant about the deficit and the debt. >> schieffer: well, speaker boehner seemed to suggest that he wanted to do it before the election, and i don't think anybody thinks that that's necessary to raise the debt lim
why do we need to use the request of any president to discuss deficit and debt? look, we have a debt now bigger than our economy. that alone makes us look a lot like greece. we've had the lowest labor participation rate in 30 years. we've had 39 straight months of unemployment above 8%. the country's in a lot of trouble. we have a president who just this weekend at camp david was advocating a position to the left of the european central bank which has been resisting doing an american-type...
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Sep 4, 2012
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a doubt we are not as better off than when george bush brought as job losses and recession and the deficits and a series of desert wars charged to credit cards >>> the governor was defending the president his initial answer we're not better off than four years ago like to get to the romney campaign they call it prove president obama's policies are not working. expect this to be a continuing theme the information is mixed, home prices are up and jobs created in the household income has dropped, unemployment has risen to more than 8%. grace lee cbs 5 >>> cbs 5 all have live reports from the democratic national convention in also go to cbs s f dot com and check out kcbs radio >>> dumbarton bridge back open tonight at of schedule the bridge reopened at 7:19 p.m., 10 hours earlier than planned all six lanes closed for retrofit project crews replaced an old seismic expansion joint it gives the bridge more room to move safely during an earthquake. it was expected to last until 5:00 a.m. tomorrow morning caltrans says all work on time and problem free. >>> the weather has cooperated and the job has
a doubt we are not as better off than when george bush brought as job losses and recession and the deficits and a series of desert wars charged to credit cards >>> the governor was defending the president his initial answer we're not better off than four years ago like to get to the romney campaign they call it prove president obama's policies are not working. expect this to be a continuing theme the information is mixed, home prices are up and jobs created in the household income has...
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May 14, 2012
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brown releases his budget tomorrow in the wake of higher than anticipated deficit. >>> we face a $16 million hole >>> the governor brands higher deficit of lower tax revenue cuts to education and public safety and not acceptable he wants to increase taxes for the highest earners and increase sales taxes, fellow democrats will help sell the measure to voters. >>> between now and november all of us will be aggressive in talking about the importance of the governor's tax measure. >>> it could be a hard sell, where voters are resistant to increase taxes republicans have reacted by saying there must be more cuts. despite her unpopularity oakland mayor is staying put. organizers for the recall announce they're unable to get the 20,000 signatures needed to qualify for the november election. according to a recent poll 3 out of 4 oakland residents are not happy with the mayor's performance but the majority of voters are not ready for a recall because it is costly. >>> and why they don't totally agree with me on everything people want this to work on the issues i am working on. >>> her first t
brown releases his budget tomorrow in the wake of higher than anticipated deficit. >>> we face a $16 million hole >>> the governor brands higher deficit of lower tax revenue cuts to education and public safety and not acceptable he wants to increase taxes for the highest earners and increase sales taxes, fellow democrats will help sell the measure to voters. >>> between now and november all of us will be aggressive in talking about the importance of the governor's tax...
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Nov 8, 2012
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the president offered tax reform and $4 trillion in deficit reductions if boehner could sell republicans on that upper income tax increase. boehner could not and what resulted instead were the outlines of the fiscal cliff. the speaker is now floating the idea of a different grand bargain. scott, the idea is to delay the entire fiscal cliff for a year to give congress the time to work on tax and entitlement reform. >> pelley: wyatt, thanks, john dickerson is our cbs news political director. you just heard what wyatt said. does that sound like the beginning of progress? >> well, the president and republican leaders are talking about cooperation and after the 2010 election there was a flurry of activity. one thing that's changed that might suggest both sides can work together is that because the president's no longer up for reelection republicans can work with him and know they're not helping his political fortunes. now, they still have to calculate their own political fortunes, and that's under way. the election was just yesterday. let's look at mitch mcconnell, the leader of the republica
the president offered tax reform and $4 trillion in deficit reductions if boehner could sell republicans on that upper income tax increase. boehner could not and what resulted instead were the outlines of the fiscal cliff. the speaker is now floating the idea of a different grand bargain. scott, the idea is to delay the entire fiscal cliff for a year to give congress the time to work on tax and entitlement reform. >> pelley: wyatt, thanks, john dickerson is our cbs news political...
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Jul 11, 2012
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san bernadino city council voted to seek bankruptcy protection as they face a $46 million budget deficit. it is the third california city to choose bankruptcy in the past two weeks. stockton california and mammoth lakes also filed for bankruptcy protection. we're following breaking news right now out of detroit. emergency crews are working to dig a man out of a trench on the city's west side. you're taking a live look now at the scene. the man was working on a sewer line when the trench collapsed. at one point he was buried up to his neck and you can see crews are still working right now. coming up, it is not your typical summer camp, how kids with autism are overcoming the odds to make movies. and the captain of the wrecks of italian cruise liner apologizes, what he says a distracted him? >> mitt romney courts black voters. coming u,,,,,,,,,,,,,, you're on timeout leo! some things won't last 25 years. ah! woof. some things will. save up to 20% on an ikea kitchen. >> a man who witnessed a fiery train derailments near columbus ohio said that it looked like the sun exploded. three tankers
san bernadino city council voted to seek bankruptcy protection as they face a $46 million budget deficit. it is the third california city to choose bankruptcy in the past two weeks. stockton california and mammoth lakes also filed for bankruptcy protection. we're following breaking news right now out of detroit. emergency crews are working to dig a man out of a trench on the city's west side. you're taking a live look now at the scene. the man was working on a sewer line when the trench...
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Jun 8, 2012
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as some countries have discovered, it's a lot harder to reign in deficits and debt if your economy isn't growing. sao so it's a positive thing that the conversation has moved in that direction and leaders like angela merkel and fran soy roux hand are looking to put in place a growth agenda for fiscal plans. the bottom line is the solutions are hard but there are solutions. the decisions required are tough but europe has the capacity to make them. and they have america's support. their success is good for us and the sooner that they act and the more decisive and concrete their actions the sooner people and markets will regain some confidence and the cheaper the costs of clean jupp will be down the road. in the meantime, given the signs of weakness in the world economy, not just in europe but also some softening in asia, it's critical that we take the actions we can to strengthen the american economy right now. last september i sent congress a detailed jobs plan full of the bipartisan ideas that would put more americans back to work. it had broad support from the american people. it was fu
as some countries have discovered, it's a lot harder to reign in deficits and debt if your economy isn't growing. sao so it's a positive thing that the conversation has moved in that direction and leaders like angela merkel and fran soy roux hand are looking to put in place a growth agenda for fiscal plans. the bottom line is the solutions are hard but there are solutions. the decisions required are tough but europe has the capacity to make them. and they have america's support. their success...
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Jun 28, 2012
06/12
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earlier there was a plan to shut down 70 marks to close the state budget deficit and now only the plan calls for five parts to be closed in the new budget relies on a ballot measure to raise taxes. it is the day city officials have been waiting for. san fransisco suspended sherrif testifying in his ethics hearing. the emotionally charged letter written by his wife. >> should police be able to stop someone and frisk them just because they look suspicious? that is the question being entertained in san fransisco right now. we have that story coming up. >> we'll in the cbs 5 weather center, lots of sunshine in the bay,,,,,,,,,,,,,,,, >> >> suspended san fransisco sherrif ross mirkarimi will try to save his job before the ethics commission tonight. he will testify in the misconduct hearing that involves his domestic violence case. his wife has submitted a written declaration to the commission in defense of her husband. she says in part " ross does not drink, does not use drugs, does not have lubbers, he just worked too many hours and maybe i was not the right woman for him ". she remains in
earlier there was a plan to shut down 70 marks to close the state budget deficit and now only the plan calls for five parts to be closed in the new budget relies on a ballot measure to raise taxes. it is the day city officials have been waiting for. san fransisco suspended sherrif testifying in his ethics hearing. the emotionally charged letter written by his wife. >> should police be able to stop someone and frisk them just because they look suspicious? that is the question being...
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Oct 23, 2012
10/12
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and we've got to make sure that we reduce our deficit. unfortunately governor romney's plan doesn't do it. we've got to do in the a responsible way by cutting out spending we don't need but also asking the wealthiest to pay a little bit more, that way we can invest in the research and technology that's always kept us at the cutting edge. now, governor romney has taken a different approach throughout this campaign. both at home and abroad he has proposedded wrong and reckless policies. he's praised george bush as a good economic steward and dick cheney as somebody who's -- shows great wisdom and judgment and taking us back to those kinds of strategies that got us into this mess are not the way that we are going to maintain leadership? the 21st century. >> schieffer: governor romney, "wrong and reckless policies"? >> i've got a policy for the future and an agenda for the future. and when it comes to our economy here at home i know what it takes to create 12 million new jobs and rising take-home pay. what we've seen over the last four years
and we've got to make sure that we reduce our deficit. unfortunately governor romney's plan doesn't do it. we've got to do in the a responsible way by cutting out spending we don't need but also asking the wealthiest to pay a little bit more, that way we can invest in the research and technology that's always kept us at the cutting edge. now, governor romney has taken a different approach throughout this campaign. both at home and abroad he has proposedded wrong and reckless policies. he's...
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189
Jan 6, 2012
01/12
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california's budget deficits now projected to be $9.2 billion for the fiscal year that begins july 1. the governor introduced the budget in sacramento today, which is five days ahead of schedule. why did he do that? the state finance department mistakenly posted the details online. governor brown said the deficit is actually smaller than last year but still proposes cutting $1.4 billion in welfare, cuts to public education are possible, that's if voters in november reject the plan to raise taxes later this year. >> the tax program we will eliminate the budget deficit finally after years of kick the can down the road. and we'll begin to pay back the wall of debt. >> the tax proposal includes raising the income tax on those whose incomes are $250,000 a year or more and raising our sales tax by half a percent. the governor says if voters don't agree to the tax increases, those so-called trigger cuts will go into effect. that will take five billion dollars from schools, courts, universities and state public services. >>> san jose's mayor chuck reed and the city council have been pushing f
california's budget deficits now projected to be $9.2 billion for the fiscal year that begins july 1. the governor introduced the budget in sacramento today, which is five days ahead of schedule. why did he do that? the state finance department mistakenly posted the details online. governor brown said the deficit is actually smaller than last year but still proposes cutting $1.4 billion in welfare, cuts to public education are possible, that's if voters in november reject the plan to raise...
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Oct 9, 2012
10/12
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. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the l
. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's...
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Nov 19, 2012
11/12
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. >>> wall street investors liked what they heard about the deficit reduction plan. on friday, the door closed up nearly 46 points while the nasdaq gained 16. >>> black friday starts a day early this year. several of the big box stores will be open on thanksgiving but a recent survey shows 72% of shoppers plan to spend less. the national retail federation projects a spending increase of 4.1% to just over $580 billion, but that's about 1.5% lower than last year. around the country, some shoppers have already lined up outside stores so they could be the first ones through the door friday morning. >>> good news at the pump. the average price for a gallon of gas has fallen over 7 cents over the past two weeks. the lundberg survey puts the national average at $3.47 a gallon for regular. >>> and twinkie lovers, you can stop hoarding those tasty treats. hostess brand appears to be in bankruptcy court today. experts say the cream-filled golden sponge cakes will actually survive. on friday, hostess declared chapter 11. since its products are so well known, twinkies, ding dong
. >>> wall street investors liked what they heard about the deficit reduction plan. on friday, the door closed up nearly 46 points while the nasdaq gained 16. >>> black friday starts a day early this year. several of the big box stores will be open on thanksgiving but a recent survey shows 72% of shoppers plan to spend less. the national retail federation projects a spending increase of 4.1% to just over $580 billion, but that's about 1.5% lower than last year. around the...
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Oct 12, 2012
10/12
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my-- the idea that they're so concerned about these deficits. as i pointed out, he voted to put two wars on a credit card. he did. >> we're going to the closing statements. >> just a second. >> you're going to have your closing statement. >> not raising taxes is not cutting taxes. by the way our budget. >> we have not raised taxes. >> 3% a year instead of $4.5%. >> not spend-- >> let me-- i want to talk to you very briefly before we go to closing statements about your own personal character. if you are elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who could lead this country. but what you need are people who when they say they're going to do something, they go do it. what you need are when people see problems, they offer solutions to fix those problems. we're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is about. 12 million jobs, higher take home pay, gettin
my-- the idea that they're so concerned about these deficits. as i pointed out, he voted to put two wars on a credit card. he did. >> we're going to the closing statements. >> just a second. >> you're going to have your closing statement. >> not raising taxes is not cutting taxes. by the way our budget. >> we have not raised taxes. >> 3% a year instead of $4.5%. >> not spend-- >> let me-- i want to talk to you very briefly before we go to closing...
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Oct 4, 2012
10/12
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my plan is not to put in place any tax cut that will add to the deficit. >> reporter: the president argued he inherited a bad situation and said it was getting better. >> over the last 30 months we've seen five million jobs in the private sector created. auto industry has come roaring back. and housing has begun to rise. >> reporter: and hit romney for not providing specifics. >> at some point i think the american people have to ask themselves is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class families are going to benefit too much from them? >> reporter: often pulled his punches and never mentioned lines of attack that have been effective in his ads, like romney's ten years at bain capital or his statement on the 47% who don't pay taxes. rob portman said the president seemed uncomfortable being challenged. >> i think he was surprised, probably, that mitt romney had the grasp of the issues and the facts and was willing to be aggressive and talking about what he's for. and i think that's why this
my plan is not to put in place any tax cut that will add to the deficit. >> reporter: the president argued he inherited a bad situation and said it was getting better. >> over the last 30 months we've seen five million jobs in the private sector created. auto industry has come roaring back. and housing has begun to rise. >> reporter: and hit romney for not providing specifics. >> at some point i think the american people have to ask themselves is the reason that governor...